Funding you earn now, next payment 04:00 UTC−0.0047%/8h= −5.1% APRnext payment −$0.23 per $10,000 · paid last 24h +0.008%
Price spread now: BloFin against BingX+0.307%501s7-day average −0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$115as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1131.127% of the position
Funding, last 7 days−0.020%−$2 on $10k
+Price spread, last 3 days (all we have)−0.432%−$43 · spread now +0.307%, 7d avg −0.051%
=The price spread pays, funding is against you. BloFin is 0.358% dearer against BingX than usual: you sell high and buy low (spread +0.307% now, against its 7-day average of −0.051%): +$36 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 26 days. At the pace of the last 7 days (−0.020% in total) that is about 4 months. The two prices were read 501 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX TWT-USDT | 0.5862 | 0.0100 | pay 0.0050% / 4h | 2h 40m | — | $2.5M | — |
| Short | BloFin TWT-USDT | 0.5880 | 0.0053 | get 0.0027% / 4h | 2h 40m | $257K | $12K | 75x |
BingX TWT-USDT
BloFin TWT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$9.81
- Price spread: +0.307% → −0.051%
- $35.8
- Slippage, 4 orders
- −$90.7
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$86.72
- Costs to cover
- 1.127%
- Break-even
- never at this rate
Slippage from BingX: live order book, 8 min ago; BloFin: live order book, 20 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy BingX live order book, 8 min ago | 3.40 bp | 29.5 bp −$29 | 86.1 bp −$861 | 418.0 bp −$41.8K | 505.5 bp −$252.8K |
| Sell BloFin live order book, 20 min ago | 5.95 bp | 30.7 bp −$31 | 75.6 bp −$756 | doesn't fit | doesn't fit |
TWT on 8 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin TWT-USDTshort | +0.0053% | 4h | 0.5880 | +0.307% | $257K | $12K | 75x | |
| Binance TWTUSDT | +0.0100% | 4h | 0.5854 | −0.137% | $3.9M | $2.2M | 75x | as long as short |
| Bybit TWTUSDT | +0.0100% | 4h | 0.5861 | −0.017% | $5.3M | $895K | 25x | as long as short |
| Gate TWT_USDT | +0.0100% | 8h | 0.5868 | +0.102% | $267K | $103K | 50x | as long as short |
| MEXC TWT_USDT | +0.0100% | 4h | 0.5856 | −0.102% | $6.8M | $152K | 125x | as long as short |
| KuCoin TWTUSDTM | +0.0100% | 4h | 0.5863 | +0.009% | $813K | $974K | 30x | as long as short |
| BingX TWT-USDTlong | +0.0100% | 4h | 0.5862 | long leg | — | $2.5M | — | |
| Variational Omni TWT | +0.0100% | 4h | 0.5858 | −0.067% | $224K | $1K | — | as long as short |
Binance TWTUSDT
Bybit TWTUSDT
Gate TWT_USDT
MEXC TWT_USDT
KuCoin TWTUSDTM
Variational Omni TWT